£325,008
This estimated value is based upon the latest sale price for the house of £265,000 on 11 Nov 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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256 New Cross Road, London, SE14 5PL
Phone: 02077327777
| Price Paid | Date |
|---|---|
| £265,000 | 11 Nov 2019 |
| £205,000 | 2 Jul 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 38 sq meters or 409 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in November 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £265,000 results in an estimated price of approximately £325,008.
| 11 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £265,000 | £60,008 | £325,008 |
The Postcode Pricing Model uses changes in average sales price within the SE14 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -59.731 % | £-158,287 | £106,712 |
| 3 Month Average | -30.463 % | £-80,726 | £184,273 |
| 6 Month Average | -14.278 % | £-37,836 | £227,163 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2023 | £719,686 | £710,000 | 17 TROUTBECK ROAD |
| 17 Mar 2023 | £666,277 | £660,000 | FLAT 1 253 NEW CROSS ROAD |
| 14 Jul 2022 | £844,774 | £842,500 | 23 TROUTBECK ROAD |
| 7 Apr 2022 | £684,816 | £665,000 | 92 HATCHAM PARK ROAD |
| 15 Dec 2021 | £269,987 | £252,000 | 255 NEW CROSS ROAD |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 28 May 2018. Using an estimated price of £325,008 means this house is valued at £8,552 per sq meter (£794 per sq foot).
The average size of a house on NEW CROSS ROAD is 74 sq meters (802 sq feet).